SPD to advance 12pct dividend

UPCoM-listed Mien Trung (Central) Seafood Export Import Joint Stock Co (SPD) has recently announced to close the list of shareholders to pay the first round dividend of 2011.

Accordingly, the ex-interest date will be on January 18, 2012 and the company will close the shareholders book on January 20, 2012.

The dividend will be paid in cash at 12 percent (1,200 dong per share).

According to the resolution of the company’s annual general meeting 2011, SPD targets to bring 1.28 trillion dong in revenue in 2011 and pre tax profit at 16 billion dong with dividend payout at 15 percent.

Reportedly, the company has recently received license from the State Securities Commission of Vietnam (SSC) to offer shares to the public whereby the company will issue 2.52 million shares to the shareholders at the ratio of 3:1 and priced at par (10,000 dong per share).

The total proceeds of 25.2 billion dong from this share issuance will be used to support the company’s working capital and serve production and business activities, contributing to increasing the competitiveness and SPD’s financial capacity and facilitating for listing afterwards.

 

Category: Stocks